Renovated Triplex with
New
For Sale
$605,000
540 MONTICELLO Street, Winchester, VA 22601
Multi-Family, WINCHESTER, VA
Property Size4,396 SF
Lot Size0.09 Acres
Price / SF$137.63
Days on Market2
Property Features for 540 MONTICELLO Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Family Room, Dining Room
Parking features
Driveway, Assigned
Interior features
2nd Kitchen, Additional Stairway, Bathroom - Tub Shower, Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Table Space
Appliances
Dishwasher, Microwave, Oven/Range - Electric, Washer/Dryer Hookups Only, WaterHeater
High school
CALL SCHOOL BOARD
Elementary school district
WINCHESTER CITY PUBLIC SCHOOLS
Middle school district
WINCHESTER CITY PUBLIC SCHOOLS
High school district
WINCHESTER CITY PUBLIC SCHOOLS
Standard status
Active
Size
4,396 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3670
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1956
Number of units
3
Building materials
HardiPlank Type
Listing Agency:
MarketPlace REALTY
(540) 450-2747
Listed By:
Laura King · License #0225221392
(540) 409-8683
Added: Sep 21
Last Checked: Sep 22 at 9:06PM
MLS# VAWI2011668
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,396-square-foot triplex, built in 1956, contains two 2-bedroom, 1-bath units and a larger two-level residence with 5 bedrooms, 2 full baths, 2 living rooms, a full kitchen, and laundry. The smaller units include spacious kitchens and separate laundry rooms; one is on the ground level, while the second-floor unit opens to a deck. The largest unit also provides private patio and deck access.
Recent improvements include luxury vinyl plank flooring, fresh paint, updated kitchens and baths, newer appliances in each unit, a roof less than 3 years old, and a new HVAC system installed in 2025. All three units are currently leased, with assigned driveway parking serving the property. Located in Winchester, the building offers access to I-81 and I-66, with Northern Virginia less than an hour away.
Recent improvements include luxury vinyl plank flooring, fresh paint, updated kitchens and baths, newer appliances in each unit, a roof less than 3 years old, and a new HVAC system installed in 2025. All three units are currently leased, with assigned driveway parking serving the property. Located in Winchester, the building offers access to I-81 and I-66, with Northern Virginia less than an hour away.
Key Highlights
- 4,396‑square‑foot triplex on a 0.0918‑acre lot
- Unit mix includes two 2‑bedroom, 1‑bath units and one 5‑bedroom, 2‑bath unit
- Largest residence spans two finished levels with 2 living rooms and private patio and deck access
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
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Business Placement
Demographics for 22601, VA
29,720
Population
13,159
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
9.8 sq mi
ZIP Area
3,033
Density / Sq Mi
$66,542
Median Household Income
$38,491
Median Earnings
$1,316
Median Rent
$321,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased units feature updated kitchens, laundry areas, newer appliances, and designated parking.
Where is this triplex located?
The property is located at 540 MONTICELLO Street Winchester, VA.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: 4,396‑square‑foot triplex on a 0.0918‑acre lot; Unit mix includes two 2‑bedroom, 1‑bath units and one 5‑bedroom, 2‑bath unit; Largest residence spans two finished levels with 2 living rooms and private patio and deck access
